According to the page giacaphe.com, Prices of raw material purchased in the South and the Central Highlands have stabilized again after soaring VND 1,000 – 2,500 / kg yesterday. Currently, the average price of pepper is about VND 41,000 / kg.
In Cambodia, the famous pepper export of Kampot, one of the only two Cambodian products that are registered with a geographical indication (GI) in the European Union (EU), is currently hampered by the COVID- 19, local media reported on May 11.
Chan Rith, director of the Kampot provincial Department of Agriculture, said that more than 130 tons of Cambodian pepper is still in stock, cannot be exported, especially to the EU and South Korea because these countries are being hit hard by the epidemic. .
“Although the export of Kampot pepper is stuck, the price has not decreased,” Rith told Khmer Times.
So far, Kampot has grown pepper trees on a total area of 398 hectares and trees on an area of 135 hectares have been large enough to harvest, Rith said, adding an average annual yield of 2.5 tons / ha.
According to Mr. Ngoun Lay, Chairman of Pepper Promotion Association, the harvest season lasts from March to the end of June.
He said about 50% of Kampot pepper is shipped to the EU, 20% to other markets, mainly to the US, Canada, Japan, South Korea and Hong Kong and the remaining 30% is consumed domestically.
Kampot pepper comes in three types – black, red and white – selling for about 15 USD, 25 USD and 28 USD / kg respectively.
Update coffee prices
According to the page giacaphe.com, The price of raw coffee purchased in the Central Highlands increased slightly by VND 200 / kg today. In particular, the average coffee price in Dak Lak to 31,000 VND / kg, Gia Lai and Dak Nong simultaneously reached 30,600 VND, and Lam Dong to 30,600 VND / kg.
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,278 | Subtract: +80 | |||
| Dak Lak | 31,000 | +200 | |||
| Lam Dong | 30,600 | +200 | |||
| Gia Lai | 30,900 | +200 | |||
| Dak Nong | 30,900 | +200 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23,240 | -20 | |||
In the world market, coffee prices fluctuate in opposite directions on New York and London exchanges. Specifically, the price of robusta coffee delivered in London on July increased by 1.01% to 1,198 USD / ton, while the price of arabica coffee delivered in July on New York decreased by 0.81% to 110.75 US cent / pound. .
In South America, coffee growers may have to postpone harvesting this year and limit the number of workers hired as the COVID-19 pandemic continues to spread, threatening to reduce the amount of quality coffee for export during the season. This year, according to Reuters.
Harvesting is the most labor-intensive period in coffee production. Colombia and Brazil will need about 1.25 million people during this period, according to coffee growers associations. The two South American countries produce 65% of the arabica coffee, the highest quality coffee in the world.
Colombia, Brazil along with Peru and Ecuador depend on the number of temporary workers to do farm work.
Farmers, coffee traders and importers in leading consuming countries are concerned that the virus has not reached its peak in Brazil or Colombia, and putting workers in the same place for harvest raises the risk of epidemics. The disease will get worse.
According to VietnamBiz
